Netflix Revenue Vs Net Income by Quarter: Q1 2002 – Q1 2021

The graph represents the quarterly distribution of Netflix's global revenue and net income, starting from Q1 2002 to Q2 2020. Interestingly, the company reported its highest-ever quarterly revenue of $6,148.29 million during June 2020 quarter, with a net profit of $720.2 million.

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The above graph represents Netflix revenue vs net income by quarter, starting from Q1 2002 to the most recent quarter. Interestingly, the company reported its highest-ever quarterly revenue and net income in Q2 2020, globally. Netflix global revenue clocked $6,148.29 million during the second quarter of 2020, with a net profit of $720.2 million. Both, revenue and net profit increased an appreciable 24.9% YoY and 166.1% YoY during the quarter, respectively.

Netflix Quarterly Revenue vs Profit: History

SourceNetflix Quarterly ReportsSEC Filings
Graph ID152
NoteNetflix financial year – January 1st to December 31st

In Q3 2019, Netflix quarterly revenue surpassed $5 billion ($5,244.91 million) milestone for the first time in history, with a record net profit of $665.2 million. That showed an impressive 31% YoY growth in revenue and a whopping 65% YoY growth in net profit.

In Q1 2002, Netflix posted total revenue of $30.53 million, globally. Interestingly, 98.5% of that came from the subscription business and rest from the sales of DVDs. However, the company’s net loss in that quarter was $4.51 million.

One must note that in Q2 2002, Netflix net loss amounted to $13.12 million – highest in the last 18 years.

In Q1 2004, Netflix’s quarterly revenue crossed $100 million mark for the first time in history. The total quarterly revenue increased a whopping 80.3% YoY to $100.37 million. Despite that, the company incurred a net loss of $5.79 million during the first quarter of 2004. The company took 9 years to achieve another milestone – quarterly revenue crossed $1,023.96 million in Q1 2013.

On the other hand, Netflix achieved its first $100 million net profit milestone in fiscal Q1 2017. The company’s net profit increased an astonishing 544% YoY during the first quarter, to $178.22 million.

About Netflix Inc.

Netflix Inc. (NASDAQ: NFLX) was founded on August 29, 1997, by Reed Hastings and Marc Randolph as a DVD-rental-by-mail firm. However, the company began its operations on April 14, 1998, by opening the world’s first online DVD rental store. For $19.95 a month, subscribers can rent as many DVDs as they want. The company slowly expanded its business by offering the streaming service in the US while retaining the DVD and Blu-ray rental service. In September 2010, the company began offering its streaming service to Canada, which later expanded to other international markets such as Latin America, the United Kingdom, Ireland, Australia, etc. Netflix is now available almost every corner of the world, except in mainland China (due to local restrictions), Syria, North Korea, and Crimea (due to US sanctions).

Netflix’s IPO (initial public offering) completed on May 29, 2002, selling 5.5 million shares of common stock at the price of $15.00 per share.

On January 22, 2018, Netflix’s market capitalization ballooned to $100 billion, becoming the largest digital media and entertainment company in the world.

Netflix is ranked #38 on the list of the World’s Most Valuable Brands by Forbes, with a brand value of $15.5 billion in 2019.

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